The Future of the Chinese Economy

Four Perspectives

Bibliographic Data

ID3985532
AuthorsMinqi Li (0009-0001-9196-3712, University of Utah, corresponding author)
Year2020
Volume50
Issue2
Pages228-247
Publication date2020-03-14
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueJournal of Contemporary Asia (JOURNAL)
Journal identifiersISSN: 0047-2336 • E-ISSN: 1752-7554
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/00472336.2019.1623906
OpenAlexW2954519099
LanguageEN
Citations received4
References cited11

This article studies the future prospect of the Chinese economy using four different perspectives: neo-classical, Marxian, world-system and climate stabilisation. While the neo-classical perspective suggests that China can maintain a relatively decent pace of economic growth for decades to come, the Marxian analysis finds that the Chinese economy will confront a major crisis in the coming years due to internal contradictions of capitalist accumulation. The world-system analysis suggests that there has been a “ceiling of development” that historically has limited the scope of development for the great majority of the world population and China will hit this “ceiling of development” within about a decade. Moreover, if China were to fulfil its climate stabilisation obligations, it may prove to be impossible for the current system to maintain economic and political stability

China · Chinese economy · Development economics · Economic system · Economics · Economy · Geography · Pace · Political science · Scope (computer science · World economy · Political Economy and Marxism · World Systems and Global Transformations

Tools

Open DOISci-Hub